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Pivot Points

Is SPX500 Poised for an Upward Movement?OANDA:SPX500USD Daily Chart Current Price: 5,812.8 Analysis: Falling Broadening Wedge: Upon analysing the daily chart, the price is forming a Falling Broadening Wedge pattern, which typically indicates a continuation of the prevailing trend. This pattern often suggests increasing volatility, leading to a potential bullish breakout if the price breaches resistance levels. Support Levels: • 5,703.1 • 5,625.0 Resistance Levels: • 5,937.5 • 6,015.6 • 6,097.0 Happy Trading! Stay tuned for further updates and insights.
OANDA:SPX500USDLong
by SpicyPips
1
ADAUSDT: Trend in daily time frameThe condition of Cardano (ADA) coin is very sensitive and in case of further correction of Bitcoin and reaching the retest area, this condition and trend can be considered for Cardano. Anyway, the color levels are very accurate levels of support and resistance in different time frames, and we have to wait for their reaction in these areas. So, Please pay special attention to the very accurate trend, colored levels, and you must know that SETUP is very sensitive. Be careful BEST MT
by MT_T
Key Levels for the Week 11.25-30.2024🔲Key Levels Overview for the Week🔳 Supports🔀 1.0423 1.0322 1.0294 The price is currently below several support lines and in a demand zone, due to the selling pressure from last week. Resistance Support🔀 1.0505 to 1.0570 This range was previously a support level, but now that it has been broken, it acts as resistance. If the price reaches this level and fails to break through, it is likely to decrease again. Mid Pivot (Bear Zone)🐻🐻🐂 1.0777 This level could potentially be a key point for trend reversal or continuation of the current trend.
by spacecraft
SUI potential longhello and greetings to everybody. today we have almost a perfect setup to execute and I will explain the details in a minute so bear with me. in the 1h picture, we clearly have a bullish structure and price in my opinion finished the pullback phase and is ready to go higher. we came to a 1h demand and after that, the price broke the structure and gave us the confirmation but the other thing is before that move the price sold very aggressively to the downside and liquidated all those orders then gave us a shift in market structure shift and also that low that got liquidated was the previous day low too. I'm thinking at this point that the price will probably go and will take out the external liquidity or maybe the week high. so I opened an order set it at a 15-minute order block and targeted all those liquidity to the upside that is marked on the chart and if we get tagged in the order after that BE line I'm gonna go break even. for context, the blue dots are our current micro range that I mark personally. that is it, thanks for reading.
Long
by IEatGreenPaper
ES - Where to Join into the TrainThese two blue boxes are also very suitable for working with receivers. Instead of getting lost in the low time interval, transactions can be taken by looking at the reactions when the price reaches these levels. My Previous Ideas DOGEUSDT.P | 4 Reward for 1 Risk much more if you hold it. RENDERUSDT.P | HTF Accuracy ETHUSDT.P | Accurate Buyer Zone Identification | High Risk Reward if you hold it. BNBUSDT.P | Accurate Buyer Zone Identification | High Risk Reward if you hold it. Bitcoin Dominance | Great Characteristic Detection and Accurate Analysis
CME_MINI:ES1!Long
by XU99
OXY another swingOXY is one of my most profitable tickers over time. Looking at crude makes me more bullish as growth stocks overheat. I note a rising average volume and a bottoming BBWP volatility indicator. Stochastic RSI is rising alongside falling price trend, this is bullish divergence. The weekly stochastic broke that resistance, and we are printing and inside week candle here with very small wicks, I believe we are about to pivot. My plan is to swing this into the supply box noted above, I also wouldn't hesitate to take profits at that long term fib. My plan: I have started adding Feb 2025 62.5$ calls and will layer in some 60$ calls for a spread, I will keep the position under 1,000$, I tend to have a higher win rate than lose rate with OXY so I am comfortable with this setup.
NYSE:OXYLong
by Apollo_21mil
Gold plunges as Trump 'trumps' seasonalsLast week I revealed in a video of my scepticism gold would tracks its seasonality into December , given its outperformance earlier in the year and the hunch that Trump 2.0 would likely to overshadow typical flows. And Trump's US Treasury Secretary cabinet pick has done just that. Monday's price action should serve as a stark reminder that seasonality has taken a back seat with its prominent bearish engulfing day and most bearish candle in four years. And there could be further losses ahead. The daily chart shows the drop from its all-time high (ATH) came in three waves, which suggests it is the beginning of a larger ABC retracement. Assuming Monday's engulfing candle was the end of wave B, a 100% projection (wave equality) could see gold fall to ~2460. note that the daily low found support around a high-volume node (HVN) and weekly S1 pivot point. A bullish divergence is also forming on the 1-hour RSI (2) to suggest a bounce. Bears could seek to fade into retracement within Monday's range to try and increase the reward to risk ratio. MS
COMEX:GC1!Short
by CityIndex
DOGE: The Last Push to Glory?I’ll be bidding below 35c for one last push, with a chance of a retest into 32c. If this fails, then it will likely drop straight to 28c, where I’ll be looking to buy, but that’s for another trading setup. I’m expecting another week of green, with BTC approaching 103k. We should have more data by Tuesday, depending on whether it manages to close with a daily expansion bar on Monday or Tuesday. Buying the breakout will also be a valid strategy here. CRYPTOCAP:DOGE
Long
by ZelfTrade
2
$SPY correction incoming? Back below $550AMEX:SPY is putting in a short term top here. All of the signs are there if you know what to look at. For example, NASDAQ:TLT up 2% today. AMEX:SPY sold off throughout the day. Crypto selling off. Volatility starting to react at the bottom of the range. Dollar continuing to rise. The chart also is failing at resistance. I could see one more attempt at a move higher, and if we fail at $602 or lower and fall back below $597, it'll be extremely bearish and the confidence in this move playing out strengthens. I think we'll see $527-531 over the next couple of weeks. Playing the move through CBOE:UVXY calls.
AMEX:SPYShort
by benjihyam
7
AVAXUSDHello everyone, today let's talk about AVAX. AVAX has already made a 4x from its low at 8.5 USD in 2023. However, it is still far from ATH in 2021 so it still has room to grow. AVAX has shown great respect for 20 USD price and has bounced of it wonderfully, creating a higher low both in price action and in RSI. Currently price is at 32 USD, a previous local high from end of July. If it breaks it to the upside next major resistance is at 55 USD. RSI also broke over 50 - a bullish sign. I expect it to go higher in this bull run, however in short term we might witness a pullback to previous level of 20 USD. Also on AVAXBTC pair chart is coming close to strong base of 0.0003 (currently is around 20% above this). I expect one of 2 scenarios: - BTC pulls higher while AVAX stalls for a moment, bringing AVAXBTC to 0.0003 and then AVAX starts following, gaining on BTC. - Both face a pullback, but AVAX bleeds more. AVAXBTC drops to 0.0003, AVAX drops to 20 USD and then they both bounce, AVAX gaining momentum against BTC. There are also other possible scenarios, so do take my analysis with a grain of salt and DO YOUR DILLIGENCE. My strategy: I will be buying a small portion of AVAX at this price. I will also buy some more if we dip towards 20 USD. In total I will dedicate only a small portion of my portfolio to this pair. If AVAX falls below 15 USD, I am out and will take a hit. Good luck.
BINANCE:AVAXUSDLong
by carefulCheese32259